KPN

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
8,000 jobs
Number of planned job losses
Job loss
Announcement Date
1 March 2005
Employment effect (start)
Foreseen end date
31 December 2009

Description

Dutch telecommunications company Royal KPN NV will cut some 8,000 jobs between 2005 and 2009, the company said on 1 March 2005. The company will cut between 1,500 and 1,750 jobs per year. The job cuts are expected to lead to annual cost cut of €850 million ($1.1 billion) from 2010. KPN estimated the annual costs cut for the period 2005-2007 at €150 million ($198 million) and for the period 2008-2009 at €200 million ($264 million).

Sources

  • 1 March 2005: NRC Handelsblad
  • 1 March 2005: De Telegraaf

Citation

Eurofound (2005), KPN, Internal restructuring in Netherlands, factsheet number 61330, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61330.